© 2024 KRWG
News that Matters.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Gamblers Spend Less In New Mexico For Second Consecutive Year

Gamblers are spending less at New Mexico casinos, and the state is seeing a drop in tax revenue as a result.

The Albuquerque Journal reports tribal casinos, racinos and nonprofits statewide paid $1.3 million less to the state in gaming taxes in 2014 than the year before.

Tribes paid a total of $66 million to the state in 2014.

Data filed with the New Mexico Gaming Control Board also shows a 2.6 drop in net winnings, an indicator of gambling activity that reflects how much is wagered on slots minus certain expenses.

This is the second consecutive year of declining gambling revenues in the state.

___

Information from: Albuquerque Journal. 

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.